Best Money Market Rates – December 2018

The best money market rates available online are set to move even higher before the end of December 2018. Banks have been increasing money market rates for about 3 years now and that up trend will continue. The Fed is set to increase the fed funds rate next week. This increase will send money market rates even higher from current levels. Right now the highest money market account rate on the list is at 2.31 percent from earn.bank, an online bank. This money market rate is much better than the current FDIC's national average of 0.16 percent. By the end the week, the top money market rate will probably hit 2.50 percent as banks increase rates to remain on top. You can see current money market rates here.